RNS Number:4524T
MOS International PLC
19 December 2003


                              MOS INTERNATIONAL PLC

                                 Interim Results
                    For the Period ended 30th September 2003

MOS International PLC ("MOS"), the oilfield services company, announces its
Interim Results for the period ended 30th September 2003.

Key highlights:
          
     *    Pre-tax loss significantly reduced 
          loss for the period (#10,793); 2002 H1 loss (#747,195)

     *    Turnover increased 45% to #1.84m; 2002 H1 #1.26m

     *    Operating profit #2,368; 2002 H1 loss (#732,198)


Chairman's Statement

Due to the fact that we have only recently issued the Preliminary Results and a
Trading Statement is to be made at today's EGM, both of which outline the
prospects for the business and bring shareholders up-to-date with the progress
made in returning MOS to profitability, in this statement I would just like to
apologise to shareholders for the late filing of the annual accounts, which led
to the recent suspension of the shares, and to assure them that under my
Chairmanship this will not be allowed to happen again.

I accepted the position of Chairman in November and found a management team that
was determined to rebuild the business. Significant progress in turning the
business around had already been made, which the Interim Results confirm, and
this has continued.

I would like to thank the shareholders for their continued support and to assure
them that the Board will do everything within their power to ensure that the
fortunes of MOS are restored.

The EGM statement will be issued to the Stock Exchange later today.

                                                              19th December 2003
ENQUIRIES:

MOS International plc                                          Tel: 01274 531862                                        
Philip Wood, Chairman

Bankside Consultants                                          Tel: 020 7444 4140
Michael Padley/Susan Scott



MOS INTERNATIONAL PLC

CONSOLIDATED PROFIT AND LOSS
ACCOUNT
for the six months ended 30th
September 2003

                                      Unaudited      Unaudited
                                     six months     six months         Audited
                                          ended          ended      year ended
                                   30 Sept 2003   30 Sept 2002   31 March 2003

Turnover                              1,840,899      1,262,241       3,331,052

Cost of sales                         1,028,636        850,593       2,123,632
                                    -----------      ---------     -----------

Gross profit                            812,263        411,648       1,207,420

Administrative expenses                 809,895      1,143,846       2,234,655
                                      ---------    -----------     -----------

Operating profit/(loss)                   2,368       (732,198)     (1,027,235)

Amounts written off investments               0              0         667,833
Interest payable less interest
receivable                               13,161         14,997          41,765
                                       --------       --------        --------

Loss on ordinary activities
before taxation                         (10,793)      (747,195)     (1,736,833)

Taxation                                      0              0          19,637
                                       ---------     ----------     -----------

Retained loss for the period            (10,793)      (747,195)     (1,756,470)
                                      ---------      ----------     -----------

Loss per Ordinary share:                  Pence          Pence           Pence
basic                                    (0.003)         (0.29)          (0.69)
diluted                                  (0.003)         (0.29)          (0.69)



MOS INTERNATIONAL PLC

CONSOLIDATED BALANCE SHEET
as at 30th September 2003


                                    Unaudited       Unaudited          Audited
                                   six months      six months             year
                                        ended           ended            ended 
                                 30 September    30 September         31 March
                                         2003            2002             2003

Fixed assets
Intangible assets                            0         63,233                0
Tangible Assets                         90,486        110,515          103,010
Investments                                  0              0          172,500
                                      --------       --------          -------
                                        90,486        173,748          275,510
Current assets
Stocks                                 210,000        480,000          253,462
Debtors                                483,437        473,061          664,298
Cash at bank and in hand               118,813        317,100          370,890
                                       -------      ---------        ---------

                                       812,250      1,270,161        1,288,650
Creditors: Amounts falling due
within one year                     (1,802,980)    (2,020,885)      (2,453,611)
                                   -----------     -----------      -----------

Net current assets                   (990,730)      (750,724)       (1,164,961)
                                    ----------     ----------       -----------
                                                            
Total assets less current
liabilities                           (900,244)      (576,976)        (889,451)
                                     ---------      ---------         ---------
Creditors: Amounts falling due
after more than one year                     0         53,200                0
                                    ----------      ----------        ---------
                                                                      
Net assets                            (900,244)      (630,176)        (889,451)
                                    ----------      ----------        ---------

Capital and reserves
Called up share capital                 88,503         63,503           88,503
Share premium account                1,234,821        509,821        1,234,821
Other capital reserve                   15,101         15,101           15,101
Profit and loss account             (2,238,669)    (1,218,601)      (2,227,876)
                                    -----------    -----------       ----------
                                                            
Shareholders' funds                   (900,244)      (630,176)        (889,451)
                                    -----------    -----------       ----------



MOS INTERNATIONAL PLC

CONSOLIDATED CASH FLOW
for the six months ended 30th
September 2003

                                     Unaudited      Unaudited
                                    six months     six months          Audited
                                         ended          ended       year ended
                                  30 September   30 September         31 March
                                          2003           2002             2003

Cash flow from operating activities   (112,204)       (29,116)          96,866

Returns on investments and
servicing of finance:

Sale of investment                     172,500              0                0
Interest paid                          (15,810)       (19,555)         (55,949)
Interest received                        2,649          4,558           14,184

Taxation                                     0              0          (87,200)

Capital expenditure                     (1,300)             0           (7,832)

Cash inflow/(outflow) before
financing                               45,835        (44,113)         (39,931)

Financing                                    0              0              312
                                      --------        --------         --------
Increase/(decrease) in cash in the
period                                  45,835        (44,113)         (39,619)
                                      --------        --------         --------


MOS INTERNATIONAL PLC

NOTES TO THE CONSOLIDATED CASH FLOW
STATEMENT
                                                
                                     Unaudited       Unaudited
                                    six months      six months         Audited
                                         ended           ended      year ended
                                  30 September     30 September       31 March
                                          2003             2002           2003

Reconciliation of operating profit
to net cash flow from operating
activities
  
Operating profit/(loss)                  2,368        (732,198)     (1,027,235)
Depreciation and amortisation charges   13,824          45,090          33,427
Profit on sale of fixed assets               0             100               0
Decrease/(increase) in stocks           43,462        (224,675)          1,863
Decrease /(increase) in debtors        175,720       1,271,011       1,060,137
Increase/(decrease) in creditors      (347,578)       (388,444)         28,674
                                      ---------       ---------        -------
                                      (112,204)        (29,116)         96,866
                                      ---------       ---------        -------


Reconciliation of net cash flow to
movement in net debt

Increase/(decrease) in cash in the
period                                  45,835         (44,113)        (39,619)
                                        ------         -------          ------

Movement in net debt in period          45,835         (44,113)        (39,619)

Net debt at beginning of period       (326,274)       (286,655)       (286,655)
                                      --------       ----------       ---------

Net debt at end of period             (280,439)       (330,768)       (326,274)
                                      ---------      ----------       ---------

Reconciliation of movements in
shareholders' funds

Loss for the financial period          (10,793)       (747,195)     (1,756,470)

Issue of equity shares                       0             312         750,312

Opening shareholders funds            (889,451)        116,707         116,707
                                     ----------      ---------       ---------

Closing shareholders' funds           (900,244)       (630,176)       (889,451)
                                     ----------      ---------       ---------


NOTES TO THE INTERIM REPORT
For the six months ended 30 September 2003
     
1)   Accounting policies

     The interim report has been prepared on a basis consistent with the 
     policies adopted in the Annual Report and Accounts for the year ended 31 
     March 2003.

     The interim report has been approved by a duly appointed committee of the 
     Board of Directors and is unaudited. The auditors have not carried out a 
     review of the interim report.

     The interim report does not constitute statutory accounts within the 
     meaning of section 240 of the Companies Act 1985. The information for the 
     year ended 31 March 2003 has been extracted from the statutory accounts to 
     that date which have been delivered to the Registrar of Companies.

2)   Dividend

     No dividend is proposed to be paid in respect of the period.

     Further copies of this interim announcement are available from the 
     company's registered office at: Unit E, Shipley Wharf, Wharf Street, 
     Shipley BD17 7DW


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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